Asked by karamjeet singh on Jun 18, 2024
Verified
________ makes any contract valid from its inception and can be done effectively only after a minor reaches majority.
A) Disaffirmance
B) Emancipation
C) Ratification
D) Consideration
Ratification
The act of giving formal consent to a treaty, contract, or agreement, making it officially valid.
Minor
An individual under the legal age of adulthood, often considered as under 18 years old in many jurisdictions.
Majority
More than half of a group or quantity, often used to describe the greater part or number in a community or collection of items.
- Ascertain the legal repercussions of ratification and its role in contracts executed by minors.
Verified Answer
HC
Hasrat ChauhanJun 25, 2024
Final Answer :
C
Explanation :
The act of affirming the contract and surrendering the right to avoid the contract is known as ratification.Ratification makes a contract valid from its inception.Because ratification represents the former minor's election to be bound by the contract,he cannot later disaffirm.Ratification can be done effectively only after the minor reaches majority.
Learning Objectives
- Ascertain the legal repercussions of ratification and its role in contracts executed by minors.
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